49-39-6. Sale of bonds.
All bonds of any consumers power district, whether issued to incur new indebtedness, or to refund or refinance existing indebtedness, shall be sold or negotiated for the benefit of the district by the directors in such manner as to them shall appear to be for the advantage, benefit and best interest of the district.
Source: SL 1950 (SS), ch 17, §50; SDC Supp 1960, §52.1750; SL 1989, ch 403, §27.